The good news is most of today’s top online casinos offer players a wide array of deposit and withdrawal methods. This means that finding the best payment method to suit your preferences and needs shouldn’t be as complicated.
Playing at online casinos isn’t only fun and entertaining, of course, it also offers you the chance to win some money. Choosing the payment method to use is one of the crucial decisions you need to make once you’re ready to play casino games with real money.
Read this quick guide to help you choose the right payment method when you play at Irish online casinos.
Depositing and withdrawing money at online casinos
In order to play at a real money online casino, you will need to deposit funds to your casino account using one of the available banking options.
Depositing money at online casinos is easy, and the same goes when it comes to cashing out your winnings, too!
It’s worth noting, though, that in most cases online casinos will ask you to use the same method you used in your initial deposit when withdrawing your money. And, this is exactly why you should always check your chosen online casinos T&Cs.
Still, the good news is most of today’s top online casinos offer players a wide array of deposit and withdrawal methods. This means that finding the best payment method to suit your preferences and needs shouldn’t be as complicated.
Popular types of online casino payment methods
Most online casinos are committed to making deposits and withdrawals as easy and fuss-free as possible and offer a variety of payment methods. The following are the popular types of payment methods you’ll find at most Irish online casinos:
• Credit and debit cards
Credit and debit cards are among the easiest and most widely accepted online casino payment methods. VISA and Mastercard are the most well-known credit/debit cards accepted by most online casinos.
• E-Wallets
When it comes to convenience, privacy, and speed of transaction, e-wallets certainly ace the game. In general, PayPal is the household name when it comes to online payments. However, due to PayPal’s strict rules regarding the use of their service in internet gambling, only a handful of online casinos support PayPal, and those that do indicate that they are duly licensed and secure. The most widely used e-wallets in online casinos are Skrill and Neteller and are similarly safe and convenient to use. Usually, there are no fees when making deposits through e-wallets, but you may incur charges when withdrawing, especially when currency conversion is involved.
• Prepaid cards and vouchers
Prepaid cards and vouchers such as Paysafecard and EcoPayz’s EcoCard are getting popular nowadays and are considered safer methods compared to using credit/debit cards.
• Bank wire transfers
Those who are wary of the security of online payments will find direct bank wire transfers a far more secure and reliable option. The main downside of such payment options is that they usually take longer to complete, some may take up to 7 days, and there may be fees involved.
• Pay by phone payment methods
Pay by phone methods, such as Boku and Zimpler, eliminate the need to have a bank account or the extra steps needed to create an e-wallet account. They’re also safe and allows you to deposit funds to your account in minutes. However, this type of method is limited to deposit transactions, so when it comes to withdrawing funds, you may want to look for an alternative method.
• Bitcoins
Cryptocurrency, particularly bitcoins are more recently on the rise this is due to the enhanced security, high level of anonymity, small fees, and speedy transaction they offer. You will find a growing number of online casinos accepting Bitcoin, even solely Bitcoin casinos, today.
Top things to take into account when choosing the best payment method
Just as not all casinos are made equal, each payment method has its own pros and cons. To help you make the right decision, here are the key things to consider:
• Speed of the transaction
When you need to deposit funds right away or you’re trying to take advantage of a time-restricted bonus deal, you may want to consider fast payment methods. E-wallets typically allow instant transfers whereas bank transfers may take a longer time to complete – usually at 3 to 5 days.
• Commission fees
In most cases, online casinos do not charge extra fees for deposit and withdrawal transactions. However, some payment methods might levy charges for both transactions.
• Other limitations
Besides convenience, some payment methods may have certain requirements and limitations. Be sure to check if the payment method is available in the country that you’re in and if there are deposit/withdrawal limits you should be aware of.
Wrapping up
Whether you’re making a deposit or cashing out your winnings in an online casino, you’ll want to see to it that you choose a secure and time-efficient method that you feel comfortable using. Check out the ease of use, flexibility, speed, and commission fees, along with security to come up with the best decision. Once you’ve decided which payment method is best for you, check out Casino Mole and find the best Irish online casinos that boast a wide range of safe and efficient online casino payment options.
